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An update from Orora Ltd. ( (AU:ORA) ) is now available.
Orora Ltd. has completed a strategic portfolio simplification by selling its OPS and Closures businesses, enabling a stronger focus on the global beverage packaging market. This has improved Orora’s balance sheet, allowing for debt reduction and shareholder returns through a share buyback. Despite challenging market conditions, the company reported a 24.6% increase in EBIT, driven by Saverglass’ contribution. Orora plans to modernize its European facilities and optimize its glass production capacity in response to declining Australian wine volumes, while expanding its Cans business to leverage growing market demand.
More about Orora Ltd.
Orora Ltd. operates in the global beverage packaging industry, focusing primarily on glass and cans. Following a simplification of its portfolio, Orora aims to strengthen its position as a specialized provider of beverage packaging solutions, catering to both Australasian and international markets.
YTD Price Performance: -5.37%
Average Trading Volume: 33,794
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.92B
For detailed information about ORA stock, go to TipRanks’ Stock Analysis page.
